Income protection cover is for you!

When you take out an income protection policy you will find that you can very easily put your mind at rest as you will know that you are protected if you were to be out of work due to an accident or illness. As much as individuals would want to their is no way to control when we fall ill and so it is beneficial to have a protection policy in case anything was to happen. An income protection policy will protect your income, and this means that if you were out of work and claimed on your policy, the policy would provide you with a replacement income. This income would provide you with on average 65% of your income before you were out of work and this would be paid to you in tax free monthly or weekly payments.

You may think that an income protection policy is not for you but what would you do if you were out of work due to an accident or illness and you had no cover in place? All you would be able to do is live off any savings you had scrupulously saved but once they have run out you will be in a very sticky situation. Income protection insurance is very affordable cover which you would greatly benefit from if you were to be out of work.